Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.

Friday, December 09, 2005

Rowhouse in Tinidad for Sale

Offered at 307K, this 3br 1ba rowhouse located in the Trinidad neighborhood in Washington, DC is still sitting on the market after a minor price reduction from 312K. The house "Needs updating and TLC." For those who do not know Trinidad is a high crime area. There has been a very very minimal amount of gentrification.

When the price of this rowhouse was 312K someone on craigslist wrotes "Just a brief request--the non-stop, multiple times a day posts for the tenement building in Trinidad have become beyond annoying and need to stop. Obviously the property is not generating any interest at the low low price of 312K, so either cut the price or pull it off the market. You are not doing the seller any favors by repetitively spamming the property day after day. " LOL! Now it is priced for 307K.

4 comments:

This is absolutley ridiculous. The house probably needs a gut renovation, so you'd end up spending $450,000 for a house built for late 19th century brick factory workers. Great.

David, you are good. I wonder if that "I Street, NE" house you posted earlier ever sold. I'm trying to decipher which of these two is in a worse neighborhood. I think you should anoint one of these listings as the Poster Child of the DC house bubble.